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To plsc~ ~nd co++tinuously keep on the bui:d~~gs ~ow oa hereaftt~ utuat~ on said land and on alt equip~neM a~d persw+aily covered by thit mo?tg~ ~9~, w~th all prem~umi the~eon p+~d in 1u11, fire iniwance in tM uiwl itandsrd policy form, in a sum approved by the h10RtGAGEE, and w~nd~torm ~nsurance in tha uiwl s~anda.d poGcy fwm, in a sum approved by iM Ni:ORTGAGEE, in such company or compan~es as tha MORTGAGEE may ~ dintt; ~nd al) fire and wind~torm in~urance po~~cief a? any of said build~r~~, ~~y interefl therein or part thereo(, in Ihe aflgrtyate sum afaessid or in ~xt~i~ thereof, ~hatl co~~ain ~he usual sl~ndard margage~ clause w ~uch o~he~ claus~ as th~ Mwtyagee msy ~equa~, maAi~y the Ioss unda u~d poli- c~e~, each and every, paYable w said MORTGAGfE a~ ~q imcre~t may ~ppea~, •nd each and every t~ch policy iMll be promp~lY +is 9~~ed and de~ivercd ~o any held by s~id MORiGAGEE as iurther sau~ity to said mort9aye debt, and, not leu ~han ~en UO) dayi in advance of the expirarion ot each policy, 1o de Nver to iaid MORTGAGEE a renewat ~hereof, ~ogether wi~A a receipt for 1he p~emium of svch renewal; and there shall be oo f~re o. w:nditorm inivranc~ placed on +ny of said buildings, any intereit therein or part the~eof, unless in fhe iorm and with the loss peyable as aforesaid; ind in the evenl any sum of money bccomes payable unde~ iuch policy q policiss said AtOR1GAGEE shall have ~he opnon to receive and apply the same on account of the indebted- nass secured hereby w to pe~mi? said MORTGAGORS to receive a~d uw it or any pa~1 thereof for o:ner purpoies, .v~~ho~t ~h_reu~ .vaivi,~g or ~mpair• j in9 any pu~ty, lie~ w?i9h1 unde~ or by virtw of lhis mo:t9sge; +nd in the evcnt sa~d MORTGAGORS shall fw any reason fail to keep fhe sa~d premiirs so ( insured, or fail b del~ver promptly snY of said policies oi insurance ~o sa~d MORiGAGEE, a fail prompfly to pay (ulty any p~e~n~um therefw w in a~y i rrspecl lail to pH(«m, dischuye, execute, efiect, complele, comply wirh and abide by this covenant, o. eny parl hareo(, said MORTGAGEE may place and ~ pay fo~ such iMU+ultf or ~ny par~ thereof wi~hou~ waivirg a a(fec~in~ a~y option, lien, equ~~y, w r~gh~ unde. « by vir?ue of fhis Mo~Tgage, and iF~e full amount of each and tv~ry ~uch payment shall be immediately dua and psyabls •nd inall bear interest trom the date thereof until pa~d at the rate ol nine ps? tentum pe~ a~num and to~ether with such interest shali be secu~ed 6y the lien of Ihis mortgage. To permit, commit w suf(er no waste, impairment w dete~iaation of sa~d p:operty w any part the+eof. 5. To pay all and singular the costs, charpes a~d expa+ses, includiny a reasw~able sttwney's fee and costs of abstracts of title, incurred or paid at eny tims by said MORiGAGEE, betau~e a in the evenf of tM fa~lure on the part of the said MORTGAGOR to duly, promptly and fully perlorm, d~xhar9e, eYecu~e, etfecl, complete, comply w~fh and abide by each and every ~he stipulauons, egreements, cond~Gons, and covenan~s of sald promissory note and this rargaps sny or ei~her, and sa~d costs, charges and expenses, esch and every, shall be immed~alely due and payabte; whethe? w not there be no~~ce dQ mand, attempt to coI1M or suit pend~ng; and rhe fufl arnouM of cach and every such paymem shall brar ;roerefl from 1he date thereol until paid at the r.re o1 nine per cenium per annurn; and all said costt, tharges and expenus incurred o~ paid, logether w~th such interest, shall be setured by the lien of this mortpay~. 6. That In the event of any breach of this Mwt9s~e w default on the part o1 the MORTGAGOR, or ~b) in the event a~y of sa;d tuma of mo+?ey herein referred to be not promptly snd fully paid within th~rty (30) days next a4ter the same severatly becwne due artd payable, without demand o~ notice. or (c) io the event each and every ~he st~pulatwns, agreemeros, co~ditions and coven~nes of sa~d prom~ssory note and ~h~s mortgage any or e~~her are no1 3~1y. P~omptly and (uliy performed, d~xharged, eaecuted, effected. completed. compGed with and ab~ded by, then in e;ther o~ any such event Ihe said ag gregate sum mentaned in said prom~sswy note then remaining unpa~d, with inte.ezt accr~ed, ar.d atl r~neya secured hereby, slwll become dve and pay- able (orthwitA, or thereafter, at the opr~on of said MORiGAGEE, as fully ~nd comple~ely as il all of the said wms of mo~ey were wgin~lly inpul~ted to be pa:d on such day, anything in sa,d promissory note or in this Mortgagr 1o the controry notwithstanding; and thereupon or thereafte? al the eption of sa~d MORTGAGEE, without not~ce w demand, suit at law w in equity, therefwe or thereafi~r begun, may be proxcuted as if all moneys securet) hereby nad matured p+~ot 10 ~ts institutwn. . 7. TMt in the event ~hat at the beginning of w at any time pendi~g ~nY suil upcn this ARortgagc, o~ to fweclose lt, or tp reform it, w to enforc~ paymeM of sny c~aims he~eunde?, said MORTGAGEE shall apply to the Court having jur~ad~ctiun thereof for the appointment of a Receiver, such Court shall fwthwith ~ppoint a?eceiver of said mortgaged proQerty all and singvlar, includ.ng all and singu~ar the income, prof~ts, issues a~d revenues from whatever source dNived, each and every of wh:ch, it being expressly understaod, is hereby mortgaged as if speu(ica~ly set iwlh and described in the granting and habendum clavses hereof, and such Receiver shall i?ave all the b:oad and eliec+ive funct~ons and powers in anywise ent~usted by a Court to a Receiver, and s~ch sppointment shafl be made by such Cour~ as an sdmitted equ~ty and a ma~rer oi absolute r~ght to sa~d MORTGAGEE, a~d w~thout reference to the edrquacy o~ inadequaty of the value of the property mwtgaged or to the so~vency or i~solvency of said MORTGAGOR a the defendants, and ~hat such re~~s, prot~n, incane, issues and revenues shall be spplied by such Receiver accord~ng to the lien w equity ot sa~d MORiGAGEE and ihe practice of s~ch Court. 8. To dufy, promptly ~rd iully perfwm, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulations, sgreements, conditio~s and cove~ants in sa~d promiasory note and this mortgage set forth. 9. That in the event the ownership of the mortga9ed premises, w any part ihereof, becomes vested in a person othe? than the MORTGAGOR, the MORTGAGEE, irs successors snd assigns, may, wirhout notice to the MORTGAOR, deal w~th such successw w successar i~ interest with reference to this mortyage and the debt her~by secured in the same manner as with Mortgaga w~thout in any way vit~ating a d~xharging the Mortgagori liability hera under or upon the debt'hereby secured. No sale ot the premisrs hereby mortgaged and no forbeararue on the part o~ the MORTGAGEE a it~ successws or assigns and no extension of the time for the payment of the debt hereby secured given by the MORiGAGEf or its successws or ~uigns, shall operate , ro reiease, d~xharge, inoclify change or afietl the original :iab~l~ty of the MORiGAGOR herein, either in whole w in pa~t_ j 10. It is spec~fically agreed ~hat time is of the esscnce of ~his contrad and that no waiver of any obt~gat~on hereundH or of ~he obliyation te- c~red hereby shalf at ~ny time thereatter be he~d to be a waiver of the terma hereof or of the instrumeN secured herby. 11. In add:tio~ to the fwego'ng monthly payments oi princ pal and interest requhed by the promissory no!e secured hereby, mortgagqr covenants and agr~s to pay to mongagee wi~h each moothly paymeM an add~iion~l sum esnmated by mortgagee to be equal to 1; 12 ot the annual cost of the follow- ~ng: ~ A-All reaf property ta:zs lev~ed or assessed against the above deuribed real ea~ate. ~ B-Premcums on f~re and windstorm i~surar.ce as here~n requ~red to be carried on the ~m~roveme~ts situate on the above described premises. C-Premiums on svch mortgage guaranty ir.sura.~ce as mwtgagee shall from. t;mr to time deem iit to carry on the ban setured hereby. ~ i Mortgagee sha:l from time to t~me notify mortgagor in writing of the amovnt due and payable hereundrr and such sum shall thereupon be due and j payable on the due date of thq next monthly oayment and each successive montk tl,ereafrer uctil mo~tgagee shall not~fy mortgagor of a change in such s a~*~oum. Such sums sha[I be appiied by mo~tgagee toward the payment of real property raxes, insurance prem:ums, and mortgage guaranty insurance p ~ emiums. - IN WITNESS LYHEREOF, the sa~d MORiGAGOR has hereunto set his hand and seal the day and year first afwesaid. y ; Sy led and dcliv ed in the p~esence of: ~ ~ ~ f1tE0 ANO REC9R ~T. LUCIE COU TY ~ AOCER PQI~RA ,q , . CLERK CIRCUIT CO Rt ~~~i~ ~ ; RECORO YER~FIEO s ~ STATE Of FIORIDA 1 IO ~ ~ ~ ~ ~~~Nn ~ st. ~ 2 0 7 2 41 ~ ; Before mc personally appeared John R. F~rineau ~ Mar aret P. Farineau g - his wife, to me well known and known to me to bs $ the ind~vidwb deuribed in end who executed the fweqoir?y in:trument, and acknow!~ ed before me that they eaccuted the same fw the purposes _ ??kf~~~ ~x~.~~. n.~d r?~ said Margaret P. Farineau - w:fe of ths said Jotm R. Farineau , upon • sep~rate +nd priv~t~ examinatan by me taken separate and apart from he? said husband, acknowfedged to end before me that she executed said instrurtxnt freely and volun- ~ rardy and without any compulsion, comtraint, apprehens"~n, o~ feu of or from her said husband. = WIiNESS my hand snd offic~al seal th;s~ y~~4L- d~y of A ril A. D. 19~ = _ ~ L ~~~-v tary Publlc ire snd ior the Sute of Fbrida at larye > My Commission expires: s ~~~.a~~utp ~ - Return to: :.~y NQTARY PUBLICy STATE OF FLORID~ AT (ARBE First Feder~l Savings 6 loan Associetion ~``~t iZ~.~~~~. ~1y COMMIS.'~"~N EXPIRES SEPT. 29~ Of Fort P~erce. ~~V.• . ~ ~`a~ s,`~i~ ~QfQ ~Hj~ ra~ a~~EV~~ _ Fort Pierte. Fiorida ~ \ / : . - = : ~ti r~ : ! `z - r .I~t)'K ~ - This Instrument Prepared By JohI1 ~I: ~Ol~~` R:,~= ~ First Federal Savings b Loan Association ' of Fort Pierce , Florida - . ''~~n~:~~~~~~.a,. ~ Checked By ~ 4 a~oK i91 1537 1 js . - -